One-Page Deal Sheet
Ares Selling Stake in Meade Pipeline to NextEra for $286MM
Nextera Energy Partners Lp Ares Management Lp, Meade Pipeline Co LLC
Announced Date
October 22,2019
Transaction Type
Asset
Transaction Details: Require Private Equity Subscription
Ares Management Corp. reported that a fund managed by its Infrastructure and Power strategy has signed a definitive agreement to sell its 22.5% ownership interest in Meade Pipeline Co LLC to a subsidiary of NextEra Energy Partners, LP in a $286 million deal.
About the StakeMeade owns approximately 39% of the Central Penn Line, a FERC-regulated, 185-mile pipeline that originates in Susquehanna County, Pennsylvania, and extends to Lancaster County, Pennsylvania. Central Penn is the greenfield part of the larger Atlantic Sunrise project operated by The Williams Companies through…
| Announced Date | Buyer | Seller | Deal Value($mm) | Location | Category |
|---|---|---|---|---|---|
| Sep-30-2019 |
-  |
- |
Click here | Midstream | |
| Sep-30-2019 |
- |
- |
Click here | Pennsylvania | Midstream |
| Sep-18-2019 |
- |
- |
Click here | Kentucky | Midstream |
| Jul-03-2019 |
- |
- |
Click here | Midstream | |
| Mar-19-2019 |
- |
- |
Click here | Ohio | Midstream |